Real estate in Albania

2017

19

Oct

Views: 234 Comments: 0

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there are No restrictions when it comes to buying in Albania. Any citizen of UK or US can just walk in there, find a property and buy it. However, this does not mean that you should not be careful when you are looking for property. There are a number of issues when it comes to buying real estate in Albania, and if you don't make sure that you've done everything really need to do, you will eventually lose a lot of money.

One of the biggest problems when buying property in Albania check on the ownership of the property. This is due to the fact that in Albania, about 15% of ownership no legal rights, and the property does not belong to rightful owners. If You buy a property, and the ownership is not public and does not have the true name of the owners before you buy the property then the property may be removed and you will lose all the money that you paid for the property. Currently, this is particularly important in places such as Tirana and the coastal cities, where most of the property is not legal.

Another thing to be careful of when buying property in the country is that you need to check that the building you want to purchase is legitimate. There are stories in Albania that buildings are constructed without permission and therefore illegally.

Buying one of these properties can lead you to lose a lot of money, so don't forget to check the state that the property you want to buy.

Another thing to be careful in Albania: the fact that the country has a high level of corruption. Although there is a struggle in the new government, which came to power in 2004, it is still a big problem in the country.